What Crisis? Turkey's Hotel Builders Forge Ahead
Douglas Feiden
March 4, 2014 5:12 p.m. ET
The $2.5 billion Zorlu Center includes the Raffles Istanbul, far right, with a $27,500-a-night penthouse. Raffles Istanbul Zorlu Center
Construction workers perched 440 feet above the Bosporus in the East-meets-West megalopolis of Istanbul are building one of Europe's most expensive hotel rooms, a 4,596-square-foot penthouse that will rent for €20,000 a night ($27,500) and crown the new 28-story Raffles Istanbul when it opens in July.
More:Turkey's Hotel Sector Forges Ahead - WSJ.com
